RS Equity Partners
Call Ray

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$102,729$102,729$405,000
Remaining term (yrs)14.014.030.0
Secondary amount$0$302,271$0
Funding fee$0$0$0
Note rate4.430%4.430%7.400%
Blended rate5.280%7.123%7.640%
1st payment$818.16$818.16$2,804.14
2nd payment$0.00$1,952.17$0.00
Taxes / mo$142.75$142.75$142.75
Insurance / mo$150.00$150.00$150.00
MI / mo$115.32$115.32$81.00
HOA / mo$135.00$135.00$135.00
Total monthly$1,361.23$3,313.40$3,312.89
Cash to close$347,271$45,000$45,000